Member News

Benthanh Tourist Succeed IPO

December 09, 2014, Benthanh Tourist (charter capital of VND 250 billion), 100% owned by Benthanh Group,  held its IPO with 5,932,350 shares were sold at average price VND 21,482 per share. This successful transaction price wasextremely higher thanasking price of VND 10,500 per share.

According to Ho Chi Minh Stock Exchange (HOSE), there were 48 investors subscribed for total of 50,495,200 sharesduring its IPO. 2 organizationsand 2 individual investors finally won the bid at price range from VND 21,000 to VND 21,500. As a result, Benthanh Touristwill have a capital surplus of VND 68 billion.

Besides common shares sold in the IPO, Benthanh Tourist will sell approximately 5,9 million shares for 2 strategic investors, which are Phan Thanh Trading & Service Co., Ltd. (3 millions) and Vietcomreal (2,9 millions). Benthanh Tourist also will reserve 885,700shares for Employee Stock Ownership Plan (ESOP).

According to Benthanh Tourist, the first shareholder meeting will be held in this December to transform its business model to joint stock company. Afterward, Benthanh Tourist will continue to focus on its core businesses which are tour operator, hotel and restaurant.